What will happen if the government know bitcoin in your country? - page 16.

jakezyrus

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Quote from: shainasaz on November 05, 2017, 07:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

some fewer countries like china and russia are banning bitcoins because they think bitcoin is a bad influence or tool that is only used for scamming and other illegal activities, these countries are also known to be verry strict among other countries and i think that is the other factor why they immediately banned bitcoin . also majority of the other countries are still accepting bitcoin to be legalize because they see the potential of bitcoin that it can greatly improve the economy.

cizatext

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I don't believe government had the capacity to ban bitcoin, due to the fact that bitcoin is decentralized and at that can't be control by any individual or institutions of government. What the government should do is to embrace bitcoin and try to formulate policy in other to regulate bitcoin activities and be able to tax on bitcoin to improve they economy.

KEPLER99

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Quote from: JohnBitCo on December 09, 2017, 03:14:02 PM

Quote from: shainasaz on November 05, 2017, 07:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Doen't matter if they government of our country or any other recognize the disadvantage of bitcoins and banned it. We people still use it even they banned. In china most of people still using bitcoin and investing on it.
But hey who's know they don't ban the bitcoin but applied some tax on the transaction because there's a lot advantages of bitcoins. Wink

Really sad to hear that bitcoins are mostly banned in Indonesia. But if we think about bitcoins positively, there is no such huge reason for the government to ban bitcoins except bitcoins being decentralized. According to me, mostly the government can ban bitcoins because they are decentralized and does not give any right to the government to track the transactions. Bitcoins will surely get much more above but countries banning bitcoins can result in a price dump.

Bitcoin2009

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I'm sure all countries and governments already know bitcoin, of course they continue to observe the development of bitcoin so if it feels threatening then they will banned bitcoin.

Creating N Action

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I don't know what happen to bitcoin if government know about it. We all know that bitcoin is a good way to earn more money but it's decentralized and no tax pay. So that, we don't know if the government accept the bitcoin to give earnings to their citizens in the country. If they are against to bitcoin we has no power to remind them the good result of bitcoin to us because they are authoritatve in our country. More country was banned the bitcointalk because government says that it is scam and also lead to corruption because of their decentralization.

Triffin

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Quote from: corroze on December 14, 2017, 07:56:15 AM

Quote from: shainasaz on November 05, 2017, 07:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Yes,I agree with you, I do not know what the government is thinking about Bitcoin,we know very well that Bitcoin is very helpful (individual) in financial affairs.
but in my country Bitcoin is still illegal and in 2018 Bitcoin in my country reportedly will be banned,I that hear that it can only be surrender and also disappointed.

Poor you… it is really bad thing and you should be worry about your investments. It is not good to use bitcoin even when it is illegal and not going to give you money. Bitcoin will give me high profit and help me in making money according to me because government of country matters a lot if something that public is using but government is not accepting cannot live long so I think bitcoin will be legal in my country because of high use.

corroze

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Quote from: shainasaz on November 05, 2017, 07:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Yes,I agree with you, I do not know what the government is thinking about Bitcoin,we know very well that Bitcoin is very helpful (individual) in financial affairs.
but in my country Bitcoin is still illegal and in 2018 Bitcoin in my country reportedly will be banned,I that hear that it can only be surrender and also disappointed.

jinx029

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For me, here in my country..i think the government are they know already about bitcoin. But they don't want to establish on tv.,they don't want publishing about it,.because they don't want to believe about bitcoin. They ignored about of what can gives you help from bitcoin. But for me I think it is better to..not all people are joining here in bitcoin. Coz' we need to be careful of the scammer and the hacker

bajigur894784

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Quote from: shainasaz on November 05, 2017, 07:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

I agree with you.
But.. The government in my country does not seem to have a clear regulation on virtual currencies including bitcoins. the general attitude of government in my country is still unclear, they just do not admitted digital currency like bitcoin. .. even to determine the bitcoin as a commodity or not also unclear.

Xising

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Quote from: shainasaz on November 05, 2017, 07:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Bitcoin use is widely accepted in my country. From forums to mobile applications that supports cryptocurrency; more and more people are getting hooked in the trend. Some of banks also support bitcoin as well as establishments. The government probably sees this as a huge opportunity to make more money and possibly a threat to the economy at the same time. It’s only a matter of time before they take actions and ultimately regulate bitcoin related transactions.

Kiweikoo

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Quote from: mindfly09 on December 13, 2017, 06:14:57 AM

In my opinion maybe they just let people to invest in bitcoin. The government in my country already regulated bitcoin, bitcoin is legal since many years ago. So people has a freedom to use bitcoin. Because the government wants their people to earn extra income to help the economy. Bitcoin is already accepted by the people and become popular in my country. Government wont ban bitcoin because this is very useful to the people especially now.

The governments who are for the people sakes will never stop bitcoin to enter their regions because accepting bitcoin means to allow development and progress in region and bitcoin has most profitable rate which make the citizens lives more lavish so if my government will know about bitcoin they will allow their citizens to earn and bitcoin is name of bring revenue to the region and we can see the progress of investors.

diegz

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Quote from: LyQaN on December 14, 2017, 01:57:15 AM

My country government know about bitcoin , they are still observing the crypto world and they say they will soon announce bitcoin condition ,regarding its use and rules and regulations on it, but till now there has been no word from last few months ,though finance minister of country has declared it that it is not the legal tender.

Also things vary from country to country like bangladesh , china and few more are restricting use of crypto currencies while USA, japan,Australia are being friendly towards it.

Atleast the government is aware of what bitcoin. Who knows, they might make rules for the protection of each bitcoin user there.

In where I am, it is still unclear what the congress is planning, but the central bank is also aware of its existence in the country, and exchanges are now require to submit some necessary papers so they could operate legally.

LyQaN

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My country government know about bitcoin , they are still observing the crypto world and they say they will soon announce bitcoin condition ,regarding its use and rules and regulations on it, but till now there has been no word from last few months ,though finance minister of country has declared it that it is not the legal tender.

Also things vary from country to country like bangladesh , china and few more are restricting use of crypto currencies while USA, japan,Australia are being friendly towards it.

musharaf

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i think the government knows about the bitcoin and the transaction made through the internet. if government knows there will be no problem in it because it is internet based currency and if the government allow this currency as regular payment of the money then they will impose certain taxes upon this currency which affect the movements of bitcoin price.

Al Amin

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Quote from: shainasaz on November 05, 2017, 07:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Yes, in my country the government recently forbade bitcoin, because they are afraid that bitcoin will cause problems for the owner. Whereas bitcoin is able to change a person's finances, we are here also confused why the government bans bitcoin for no apparent reason.

MarconyGL

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Quote from: shainasaz on November 05, 2017, 07:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Already the government of all countries probably heard about bitcoin. And as we see very few people turned to its legalization, so most likely it will be so in the future. No one considers bitcoin a strong currency capable of improving the economy, but on the contrary even harmful.

Blue Bell

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Quote from: Pasabm on December 02, 2017, 05:07:32 AM

In my country says that using bitcoin will violate state laws. The statement is not a prohibition against its use but a strong statement against the cryptocurrency. Stated by Bank Indonesia that Bitcoin and other virtual currency are not valid currency or payment instruments in Indonesia. People are encouraged to be careful of Bitcoin and other Virtual Currency. In cases where the risk of ownership / use of Bitcooin is borne solely by Bitcoin owners / users and other virtual currency.

First of all its not possible for any country that if something is going to take place in a country and that country intelligence don’t know about it and I don’t think so that in this world there will be any country where have no internet and to find activates about some these things it can be trace easily and bitcoin is also available on internet if you want to use it so they know very well that that you are doing how it’s going to earn.

Joriecoinbit

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Quote from: mindfly09 on December 13, 2017, 06:14:57 AM

In my opinion maybe they just let people to invest in bitcoin. The government in my country already regulated bitcoin, bitcoin is legal since many years ago. So people has a freedom to use bitcoin. Because the government wants their people to earn extra income to help the economy. Bitcoin is already accepted by the people and become popular in my country. Government wont ban bitcoin because this is very useful to the people especially now.

Yes, the same in my country. Bitcoin is warmly accepted, but the central bank put some regulations on bitcoin. And in fact, they've just approved 2 bitcoin exchange operators here in my country. They've seen bitcoin as great way of helping people in financial ways and also in the economy. I just hope there will be more merchants who will start to accept bitcoin as mode of payment. I'll be very glad if it will happen soon.

cherryganda

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Here in my country, the government are aware of bitcoin and cryptocurrency, what they did is they warned the citizen of the country to be careful on investing online and be secure.. they release some facts to follow so people will be safe online and their money will not be a waste. after all its, the people's decision will be the final decision!

DeadCoin

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Today the news media has said that the income tax department has went on a raid to all exchanges around the country to have an investigation on bitcoin exchanges. They say, since it is not legalized in the country, there has to be a data submitted on bitcoin exchange. The income tax department aims to receive tax on bitcoin exchange from the traders.

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